Sell

[Coronita]

I guess sell was the right thing to do afterall. Dow has been down about 500pts for the past 2 days. And it seems like the futures are off by another 500pt . People getting concerned about a reinfection?

Sitting at the sideline watching this will be interesting.

edit dow futures now down 900.

[ltsddd]

[quote=Coronita]I guess sell was the right thing to do afterall. Dow has been down about 500pts for the past 2 days. And it seems like the futures are off by another 500pt . People getting concerned about a reinfection?

Sitting at the sideline watching this will be interesting.

edit dow futures now down 900.[/quote]

Wait for it to break below 25000 then all hell will break loose.

[The-Shoveler]

should have bought that sh scaredy scolded me about.

Another link on what I was referring to earlier.

Buyer Beware: Millennials Are About to Learn They Know Nothing About Stocks

[Coronita]

[quote=The-Shoveler]should have bought that sh scaredy scolded me about.

Another link on what I was referring to earlier.

Buyer Beware: Millennials Are About to Learn They Know Nothing About Stocks

people are really buying cheaspeake and hertz?

oof….

Dow down 900. Like I said, I was overdue to be wrong about the markets. And I’d rather
pay capital gains taxes versus being stuck with capital loss carryovers.

[svelte]

[quote=svelte] From June 3:

Unless something happens earlier to make folks flee, I think it will happen at the end of June, +/- 2 weeks.

Once people see how bad earnings are in a number of industries from the quarterly numbers and starting thinking through that even though we are slowly getting moving again, there will be many companies that don’t make – a minor panic will set in and people will sell. In other words, if you want to beat the rush, you should pull your money out in the next 13 days.

I certainly could be wrong, but that sounds like what is about to happen to me.[/quote]

Well I was five days off. Not too bad.

[Coronita]

Dow down 1500. on top of the 500 point drop over the past 2 days.

ooof….

[scaredyclassic]

Is there value yet

[pinkflamingo]

-1800

[Coronita]

another day or two like this, maybe there is some value to reenter.

must resist temptation….
must resist temptation….
must resist temptation…..

[The-Shoveler]

The Buffett indicator.

What the Buffett Indicator Tells Us About the Highest Market Valuation Ever

[Coronita]

[quote=The-Shoveler]The Buffett indicator.

What the Buffett Indicator Tells Us About the Highest Market Valuation Ever

Warren buffet has been wrong a few times lately.

[The-Shoveler]

LOL yea maybe but I think the BI still gives a good indicator for market long term value.

The further it gets below 100 the safer a long term S&P Index buy will be IMO.
(March 22 it was about 105 in chart below)
But then again, maybe it will never get below 100 in my life time going forward.

https://www.longtermtrends.net/market-cap-to-gdp/

[Coronita]

[quote=The-Shoveler]LOL yea maybe but I think the BI still gives a good indicator for market long term value.

The further it gets below 100 the safer a long term S&P Index buy will be IMO.
(March 22 it was about 105 in chart below)
But then again, maybe it will never get below 100 in my life time going forward.

https://www.longtermtrends.net/market-cap-to-gdp/%5B/quote%5D

Perhaps. let me read that. My brain is officially turned off. It’s almost Furlow Friday, lol.

[temeculaguy]

Search old threads about my advice when taking stock advice here, circa 2008. Fool me once.

After the initial crash in late March/Early April I bought two cruise stocks, 3 airlines and an automaker. All at least half off, some at a far greater discount. Two days ago, after doubling my investment I sold it all, transferred my original investment back to my bank and will play with house money from here on out. Kudos to Warren Buffet’s theory about running into burning buildings. Admittedly I was nervous.

What should make anyone nervous right now is real estate described as “urban”that relies on mass transit and rental properties in jurisdictions described politically as progressive. California’s Judicial Council just kicked zero bail to the counties to decide and evictions/foreclosure moratoriums in cali will likely see the same fate. Landlords will likely be subsidizing this social experiment based on zip codes.

The world is upside down, next you’ll see Zillow factor in the political leanings of a zip code into their valuations. Some of the estimates about renters not paying are astonishing. Some of the terms from 2008 will need to be updated, “shadow inventory” will need to be renamed “blue shadow inventory.” How do I copyright a phrase? This is not a political statement, it’s an investment statement. But I chose to post so I can take full credit when Diana Olick uses that phrase, I’m still her biggest fan and will consider it an honor for her to use it. Anyone else needs permission.

Good luck piggs, investing is just math, leave your feelings out of it.

[Coronita]

Welcome back TG!

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